Starting an Airbnb business at the age of 21 (Ep566)
Summary
This podcast episode features a young entrepreneur who started in STRs at age 21, sharing his experience with creative financing, specifically seller financing and subject-to deals. Hosts can learn about these non-traditional financing options and gain insights into the speaker's strategies for acquiring properties.
Key Insights
- •The speaker's first Airbnb was purchased using seller financing, including a 12% down payment and a 3% interest rate balloon loan.
- •The speaker used creative financing methods like seller financing and subject-to deals to acquire properties with limited capital.
Action Items
- ✓Consider exploring creative financing options like seller financing to acquire properties, especially in high-interest-rate environments.Effort: mediumImpact: medium
Tools & Resources
- →Pace Morby: The speaker mentions Pace Morby as a resource for information on subject-to deals.
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Curated by Learn STR by GoStudioM